![]() Failing to adhere to these standards may result in suspension of operating privileges, fines, or even imprisonment. They are required to use appropriately licensed drivers, submit to commercial vehicle inspections, and insure their vehicles as required. For example, companies providing public transportation (such as passenger transport in a bus) have clearly defined requirements as set out by their local motor vehicle branch in government. Some risk management initiatives are easier than others they are required by law and enforced by government agencies. Individuals, companies, societies, communities, cities, regions, and even governments can follow the process in order to protect themselves from risks, which may range from company-specific risks such as disruption of revenue to significant international risks such as climate change and civil disturbances. Risk management can be undertaken at any scale.
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